The local index on a weekly chart looks to have bounced nicely off the uptrend line and is yet to make a new high. With resources in hot demand for the construction of data centres and the green revolution the uptrend could continue for some time after the higher cost of fuel returns to some normalcy.
The US semiconductor index looks very strong, the local SEMI ETF could be one way to play that theme.
After a brief pause the Loftus Peak Global Disruption fund could put in a stellar rise this month and perhaps resume the longer term up trend.
The fuel dramas could push more people into EV’s and some lithium miners might get a boost.
IPD Group made a fresh high for now, can the trend continue from here?
Rio Tinto made a fresh high after a recent update.
Cochlear got walloped further downwards after their latest update and downgraded forecast. US Medicaid budget trimming did not help.
Medical imaging mob 4D Medical is off the highs.
REA looks to have found some support at these levels.
Resmed’s downtrend continues.
Lithium mob PLS made a move above a resistance zone, can it hold?
Tabcorp is doing well recently but is yet to break through this resistance zone where price has stalled before.
Dubbo based Maas Group could benefit from the new pivot to be involved in data centres.
Morningstar recently suggested Wisetech was undervalued from their perspective with expected good earnings ahead.
This graph of the US S@P 500 going back to the 1930’s shows prices have again reached the top of the trend channel.
Energy storage systems are in hot demand and forecast to grow rapidly.
The last time the US S@P 500 dividend yield was this low was back before the 2000 tech wreck.
This is from a Michael Yardney web article on Australian house price growth during past financial hiccups.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column. Cheers Charlie.
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